NZ electronic card spending dips in February

Thu, 09 Mar 2017

By Sophie Boot March 10 (BusinessDesk) - New Zealand seasonally adjusted retail spending on electronic cards fell in February, failing to continue January's gain. Retail spending on credit and debit cards fell a seasonally adjusted 0.6 percent last month, after a 2.7 percent increase in January, the biggest monthly increase since January 2006, Statistics New Zealand said. Actual retail spending climbed 2.6 percent to $4.8 billion in February from the same month a year earlier, though February 2016 had an extra day of trading as it was a l...

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